M&A Deal Summary |
|
|---|---|
| Date | 2019-04-09 |
| Target | Wells Fargo - Institutional Retirement & Trust Business |
| Sector | Insurance |
| Buyer(s) | Principal Financial Group |
| Sellers(s) | Wells Fargo |
| Deal Type | Divestiture |
| Deal Value | 1.2B USD |
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| Category | Company |
|---|---|
| Founded | 1879 |
| Sector | Insurance |
| Employees | 17,400 |
| Revenue | 13.7B USD (2023) |
Principal Financial Group is a global investment management company offering retirement services, insurance solutions and asset management to a variety of corporate and invidudal clients. Principal Financial Group was founded in 1879 and is based in Des Moines, Iowa.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 8 |
| Sector (Insurance) | 4 of 5 |
| Type (Divestiture) | 5 of 6 |
| State (California) | 2 of 2 |
| Country (United States) | 3 of 4 |
| Year (2019) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-30 |
RobustWealth
Lambertville, New Jersey, United States RobustWealth is a digital wealth management platform built by and for investment advisors, and engineered to satisfy their unique needs. It integrates previously modular features into one seamless suite that advisors can leverage to optimize their practice on their clients’ behalf. The easy-to-use technology is delivered in a completely private-labeled environment. RobustWealth is headquartered in Lambertville, New Jersey, and has an office in Denver, CO. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-05-16 |
Ascensus - ESOP Business
Dresher, Pennsylvania, United States Ascensus' ESOP Business will add approximately 800 plans and more than 165,000 participants to its workplace savings and retirement solutions business. Ascensus' ESOP Business is based in Dresher, Pennsylvania. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1852 |
| Sector | Financial Services |
| Employees | 222,544 |
| Revenue | 82.6B USD (2023) |
Wells Fargo is a diversified financial services company that provides retail, commercial and corporate banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions in all 50 US states, the District of Columbia and in other countries. Wells Fargo provides other financial services through subsidiaries engaged in various businesses, principally: wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. Wells Fargo was formed in 1852 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 15 |
| Sector (Insurance) | 4 of 4 |
| Type (Divestiture) | 11 of 14 |
| State (California) | 1 of 3 |
| Country (United States) | 8 of 10 |
| Year (2019) | 1 of 1 |
| Size (of disclosed) | 2 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-14 |
Wells Fargo - Auto Finance Business
San Juan, Puerto Rico Wells Fargo & Co. - Auto Finance Business portfolio has credit characteristics that are similar to Banco Popular’s existing self-originated portfolio. Banco Popular will also acquire certain other assets and assume certain liabilities of Reliable. |
Sell | $1.7B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-06-18 |
Wells Fargo - Global Alternative Investments Feeder Fund Platform
San Francisco, California, United States Wells Fargo & Co.'s Global Alternative Investments Feeder Fund Platform supports a full suite of alternative solutions, including private equity, private debt, hedge funds, private real estate and direct private investments across approximately 70 investment vehicles. |
Sell | - |
